Shanghai Metals Market

Beijing Promises Swift Action Against Speculators Suspected Of Spiking Aluminium Prices

Beijing Promises Swift Action Against Speculators Suspected Of Spiking Aluminium Prices

Market regulators in Beijing said earlier this week that aluminium and other commodities suppliers should “reasonably” price their sales, and that speculators and stockpilers would face harsh penalties for actions resulting in price spikes. With prices for aluminium in Shanghai higher than...

Events

Aluminium Price Rise in East China Stymies Spot Market Trades

A sudden rise in aluminium futures prices led to sellers’ reluctance to offload cargoes, slowing spot trades in East China on Monday. According to reporting by SMM, the Shanghai Futures Exchange saw the front-month September contract rise on Monday, gaining back ground lost on Friday evening. Spot trades fell in a range between CNY14,270 and […]

China’s Bauxite Ore Imports Rose By 33.18 Percent On The Year In May

Though down slightly from the prior month, May saw imports of bauxite ore into the People’s Republic of China spike by double digits on the year last month. Such was the story told by numbers released by Customs officials in Beijing earlier this week. Per Customs, imports of the aluminium precursor last month totaled 9.71 […]